IngenioRx, which will become fully operational in 2020, will leverage Anthem’s existing integrated pharmacy and medical approach, improve affordability and intends to achieve greater than $4 billion annually in gross savings, the company said.

The company is also conducting an external search to fill the IngenioRx chief executive officer (CEO) role following the departure of Brian Griffin, who has resigned from the company.

Jain, who is the COO of IngenioRx, has been directly responsible for the development and operational plan for the company, which aims to deliver a transformative PBM offering with best-in-class capabilities to improve outcomes and reduce cost of care.

Jain joined Anthem in 2014 as vice president and COO of Anthem Pharmacy Services and was promoted to senior vice president of Anthem Pharmacy Solutions in 2016. Prior to joining Anthem, Jain served as COO of Cigna Pharmacy and chief financial officer of the health plan division at Medco Health Solutions.

“Deepti is a strong leader with more than 20 years of PBM experience and has been responsible for all aspects of the IngenioRx launch and transition plans to date,” said Gail Boudreaux, president and CEO, Anthem. “We have great confidence in her leadership and her ability to build and launch our new PBM and ensure a seamless transition for our customers.”